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FxWirePro: EUR/GBP faces strong support around 0.7000, good to buy at dips

RES 4: 0.7350 RES 3: 0.7290 (161.8% retracement of 0.7159 and 0.6949) RES 2: 0.7225 (Jul 10th high) RES 1: 0.7159 (Jul 27th high) PRICE: 0.7130@ 12:00GMT SUP 1: 0.7090 (Kijun-Sen) SUP 2: 0.7060 (200 day 4HMA) SUP 3: 0.70…

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  • RES 4: 0.7350

  • RES 3: 0.7290 (161.8% retracement of 0.7159 and 0.6949)

  • RES 2: 0.7225 (Jul 10th high)

  • RES 1: 0.7159 (Jul 27th high)

      PRICE: 0.7130@ 12:00GMT 

  • SUP 1: 0.7090 (Kijun-Sen)

  • SUP 2: 0.7060 (200 day 4HMA)

  • SUP 3: 0.7020 (Aug 18th low)

  • SUP 4 : 0.6949 (Aug 5th low)

EUR/GBP has broken short term resistance 0.7100 and jumped till 0.7148.

Overall trend is still bullish as long as support 0.7020 holds.

On the higher side minor resistance is around 0.7160 and any break above would extend gains till 0.7220/0.7290.

It is good to buy at dips around 0.7060 with SL around 0.7020 for the TP of 0.7155/0.7200

 

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